Mubadala deal orders short, strong shot of Luckin
The Abu Dhabi fund is taking a sip of the Chinese coffee company's rapid growth at home and overseas. The transaction, valued at $1 bln, softens any risks tied to the OTC-traded Starbucks rival, while allowing its private equity owner to raise cash without diluting its control.
Read in depth: Business
Volkswagen reports €5.8 billion third-quarter loss as Porsche charge and China slump weigh
The German carmaker's July-to-September loss widened sharply from a year earlier, with a large Porsche writedown and falling deliveries in China adding to pressure on its results.
World Bank forecasts 23% commodity price rise as energy and shipping shocks mount
The bank projects higher energy, metals and food prices in 2026, with further risks from conflict, disrupted grain shipments and El Niño.
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ReutersSource headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-09-11. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.